SACSCOC Financial AidSubcommittee Readiness Audit

STANDARD / OLD STANDARD(S) / TOPIC / REQUIRED DOCUMENTATION
12.6
The institution provides information and guidance to help student borrowers understand how to manage their debt and repay their loans. / New / Student debt /
  • Details on financial management information and guidance offered to students
  • Sample materials used in programs and services related to this standard

13.6
The institution (a) is in compliance with its program responsibilities under Title IV of the most recent Higher Education Act as amended and (b) audits financial aid programs as required by federal and state regulations. In reviewing the institution’s compliance with these program responsibilities under Title IV, SACSCOC relies on documentation forwarded to it by the U. S. Department of Education. / 3.10.2, 3.11.1, 4.7 / Federal and state responsibilities /
  • Most recent federal awards/financial aid audit
  • Audits of state financial aid programs
  • Institutional responses to all audits and/or findings
  • Copies of all relevant correspondence received from the U.S. Department of Education for ongoing noncompliance issues, including liabilities owed. Copies of institutional response to U.S. Department of Education correspondence
  • Negotiated settlement agreements for the payoff of any fines or monies owed in connection with program reviews
  • Internal audits related to federal or state financial aid programs
  • Copies of any reports on compliance from the U.S. Department of Education

14.4
The institution (a) represents itself accurately to all U.S. Department of Education recognized accrediting agencies with which it holds accreditation and (b) . (See SACSCOC’s policy “Accrediting Decisions of Other Agencies) / 3.13.1 / Representation to other agencies /
  • Excerpts from reports prepared for other accreditors or reports by other accreditors
  • Screenshots and printouts on the institution from accreditor websites and directories
  • Printout from the USDOE accreditation database
  • Copies of letters mailed to SACSCOC notifying of a change in accreditor status (and any letter received in return)